Prices & public finance · Latin America & Caribbean · Upper-middle income
Jamaica: prices, money and public finance
Inflation is 4.0% (2025), 58th of 180 in the world and 11th of 31 in Latin America & Caribbean. GDP deflator is 4.8% (2025), 65th of 209 in the world and 15th of 40 in Latin America & Caribbean. Lending rate is 12.1% (2025), 45th of 136 in the world and 12th of 31 in Latin America & Caribbean.
Inflation
JamaicaLatin America & CaribbeanUpper-middle incomeWorld
GDP deflator
JamaicaLatin America & CaribbeanUpper-middle incomeWorld
14 indicators
Prices & public finance: Jamaica in detail
Latest reported value, world rank and rank within Latin America & Caribbean; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 4.0%2025 | 58/180 | 11/31 | 8.2% | 12.6% | 5.2% | +0.3 ppsince 2015 | 2.1% | 3.3% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 4.8%2025 | 65/209 | 15/40 | 10.6% | 9.8% | 2.6% | −7.7 ppsince 2015 | 3.4% | 3.3% | 3.3% | |
| Lending rateLending interest rate, % | 12.1%2025 | 45/136 | 12/31 | 23.3% | 20.5% | 12.1% | −4.8 ppsince 2015 | — | — | — | |
| Real interest rateReal interest rate, % | 7.0%2025 | 46/136 | 11/31 | 11.5% | 9.7% | 9.2% | +3.0 ppsince 2015 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 159.102025 | 54/210 | 7/39 | 42.99 | 87.20 | 142.40 | +36%since 2015 | — | — | — | |
| Tax revenueTax revenue, % of GDP | 23.7%2020 | 23/142 | 1/20 | 22.5% | 24.3% | 23.7% | −0.6 ppsince 2010 | 14.7% | 10.4% | 13.9% | |
| Government revenueGovernment revenue excluding grants, % of GDP | 26.9%2020 | 63/142 | 6/20 | 26.1% | 27.4% | 26.9% | −0.5 ppsince 2010 | 22.8% | 18.5% | 24.0% | |
| Government expenseGovernment expense, % of GDP | 27.5%2020 | 67/142 | 8/20 | 24.7% | 28.9% | 27.5% | −1.4 ppsince 2010 | 27.6% | — | 28.5% | |
| Government debtCentral government debt, % of GDP | 97.9%2020 | 10/78 | 3/14 | 98.3% | 136.2% | 97.9% | −38.4 ppsince 2010 | 69.1% | — | — | |
| External debtExternal debt stocks, % of GNI | 76.1%2024 | 22/119 | 4/22 | 55.7% | 111.5% | 108.5% | −27.4 ppsince 2014 | — | 21.3% | — | |
| Private creditDomestic credit to private sector, % of GDP | 45.8%2025 | 77/169 | 16/31 | 25.6% | 26.4% | 52.4% | +17.3 ppsince 2015 | 52.9% | 139.0% | 140.3% | |
| Broad moneyBroad money, % of GDP | 65.8%2025 | 63/146 | 15/31 | 40.3% | 43.7% | 66.1% | +21.0 ppsince 2015 | 72.6% | 167.9% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 7.12025 | 39/165 | 6/32 | 2.5 | 4.2 | 7.0 | +50%since 2015 | 6.6 | 9.9 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 1.37%2025 | 95/156 | 6/22 | 0.49% | 0.87% | 1.71% | +0.5 ppsince 2015 | 1.07% | 1.87% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- Government debt−38.4 pp97.9% in 2020
- External debt−27.4 pp76.1% in 2024
- Reserves, months of imports+50%7.1 in 2025
Worse than ten years ago
- Inflation+0.3 pp4.0% in 2025
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Jamaica and its neighbours
Countries sharing a land border with Jamaica. Latest values since 2005; the highest in each row is marked.
| Indicator | Jamaica | United Kingdom |
|---|---|---|
| Inflation | 4.0%2025 | 3.9%2025 |
| GDP deflator | 4.8%2025 | 3.7%2025 |
| Lending rate | 12.1%2025 | 0.5%2014 |
| Real interest rate | 7.0%2025 | -1.1%2014 |
| Exchange rate | 159.102025 | 0.762025 |
| Tax revenue | 23.7%2020 | 26.9%2024 |
| Government revenue | 26.9%2020 | 34.8%2024 |
| Government expense | 27.5%2020 | 41.2%2023 |
| Government debt | 97.9%2020 | 130.7%2024 |